Rapicut Carbides Ltd

IEPF transfer

• Subject: transfer of Rapicut Carbides shares to IEPF for unclaimed dividend (FY2018-19).
• Shareholders must apply by 30 September 2026 to claim unpaid dividend from FY2018-19 onward.
• If no reply, shares will be transferred to IEPF following due process.
• Details of liable shares and unclaimed dividend published on Rapicut Carbides' finance page.
• Claims via IEPF-5 form through MUFG Intime India Pvt. Ltd.
• Contact: Company Secretary Kamlesh Shinde; Tel 7622002203/7573022016; investors@rapicutcarbides.com.

Dematerialisation processing status

• Dematerialisation requests were confirmed to depositories and securities listed on the exchanges.
• Physical dematerialisation certificates were mutilated and cancelled; depository name substituted as registered owner within prescribed timelines.

Meeting Details

• Board meeting scheduled for Saturday, 30 May 2026.

Key Agenda Items

• Consider and take on record audited financial results for quarter and year ended 31 March 2026.

Other Notes

• Trading window was closed from 1 April 2026 and reopens 48 hours after results declaration.

Management Change

• Mr. PR Venkatta Ramanan resigned as Chief Financial Officer and Key Managerial Personnel, effective March 31, 2026.
• Reason for resignation: relocation to native place to care for ageing parents; no other reasons stated.
• Mr. Ramanan will cease all KMP roles and disclosure authorizations from March 31, 2026.
• No disclosed relationships with other directors or management related to this change.
• Resignation confirmed to have no other material reasons beyond those stated.

Resignation of Chief Financial Officer (CFO) 📍

• Resigning CFO: Mr. PR Venkatta Ramanan
• Effective date of resignation: March 31, 2026
• Reason for resignation: Relocation to native place to care for ageing parents
• No other material reasons for resignation stated
• Resignation accepted and taken on record by the Board
• No information disclosed on interim or new CFO appointment

Financial Performance 📊

• Q3 FY26 revenue from operations was Rs 2,077.73 mn, up 78% YoY and 31% QoQ.
• Total Q3 FY26 revenue was Rs 2,078.67 mn versus Rs 1,167.88 mn in Q3 FY25.
• Cost of materials consumed rose to Rs 1,493.15 mn in Q3 FY26 from Rs 734.98 mn YoY.
• EBITDA for Q3 FY26 was Rs 174.54 mn, compared to a loss of Rs 161.98 mn in Q3 FY25.
• Profit after tax for Q3 FY26 was Rs 157.33 mn versus a loss of Rs 161.23 mn in Q3 FY25.
• EPS for Q3 FY26 stood at Rs 2.93 (basic and diluted) versus negative Rs 3.00 in Q3 FY25.

Nine Months Performance 📊

• Nine months ended Dec 31, 2025 revenue from operations was Rs 4,697.23 mn, up 49% YoY.
• Nine months PAT was Rs 153.23 mn versus a loss of Rs 266.09 mn in prior year period.

Expenses & Costs 📊

• Employee benefits expense was Rs 150.61 mn in Q3 FY26, slightly down from Rs 152.14 mn YoY.

Corporate & Governance 🗓️

• Board approved Q3 FY26 unaudited financial results on Feb 11, 2026.
• Limited review by auditors issued with no material misstatements noted for Q3 FY26 results.

Business Model & Segments

• Company operates in a single segment: Tungsten Carbides Products.

Financial Performance 📊

• Approved unaudited standalone financial results for quarter ended December 31, 2025.
• Total revenue for Q3 2025 was Rs. 2,078.67 lakhs; profit before tax Rs. 174.54 lakhs.
• Profit after tax for Q3 2025 was Rs. 157.33 lakhs; earnings per share Rs. 2.93.
• Financial results prepared as per Ind AS 34 and Companies Act, 2013.

Audit and Compliance ⚠️

• Limited review report on unaudited Q3 2025 results noted no material misstatements.

Business Segment 📍

• Company operates in a single business segment: Tungsten carbide products.

Regulatory Updates ⚠️

• Noted implementation of new labor codes effective November 21, 2025; no additional gratuity impact identified.

🗓️ Meeting Details

• Board meeting scheduled for 11 February 2026.

📊 Financial Results

• Board to review un-audited financial results for quarter ended 31 December 2025.